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Income Tax & FEMA NRI Compliance in India
In line with regulatory guidance and to ensure compliance under Indian laws, we bring to your attention certain key compliance requirements under the Foreign Exchange Management (FEMA) Act, 1999 and the Income Tax Act, 1961, that may apply to you as an NRI. Here is what you can do: 1. Update your Tax Residency Status…
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Major Income Tax Amendments applicable from 1st April 2025
Here are the major changes in income tax which will be effective from 1st April, 2025 i.e. from FY 2025-26
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Foreign Nationals can Incorporate a LLP in India now
Foreign Nationals can Incorporate a LLP in India now
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Budget 2025
Budget Highlights
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Omission of TCS on sale of specified goods
Reduction in compliance burden by omission of TCS on sale of specified goods
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TDS Increased threshold Limit
There are various provisions of Tax Deduction at Source (TDS), with different thresholds and multiple rates. To improve ease of doing business and better compliance by taxpayers, it is proposed to rationalize certain rates of TDS and to increase threshold limit for applicability of the TDS provisions.
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